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Tax

[Video] Tax Extensions: What You Need To Know

Tax Extensions: What You Need To Know STEPHEN SMALENBERGER, EA® We’re quickly approaching the end of tax season.  If you haven’t filed your return yet, what do you do?  Maybe you’re a last second kind of person or maybe you’re waiting for that last document, like a K-1.  Should you file an extension? What is…

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[Video] Get Organized: Your Accountant Will Thank You!

Financial Design Studio Taxes Organized

Get Organized: Your Accountant Will Thank You! STEPHEN SMALENBERGER, EA It’s that time of year when you’re thinking about filing your tax return.  I don’t know how many times I’ve seen someone bring in a box of unopened mail or receipts and give it to their accountant.  What if you came in earlier, organized, and…

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[Video] Tax Gain/Loss Harvesting

Video Gains

MICHELLE SMALENBERGER, CFP® Tax Gain/Loss Harvesting We want to help you think through one last item here at year-end.  Here are some things you can do with your investments to also help with a little bit of tax planning.  Often people can have a dilemma when they look at their investments only to realize that…

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[Video] What Can I Do With My RMD?

STEPHEN SMALENBERGER, EA We’ve talked about RMDs and learned about what they are and when they start.  This is now a chance for us to look at how it is calculated, taxed, received and ultimately used. How to calculate an RMD? An RMD (Required Minimum Distribution) comes from accounts like 401(k)s and IRAs.  It is…

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[Video] You’re 70 1/2… Now What?

STEPHEN SMALENBERGER, EA Now that you’ve been saving in your retirement account for years, there comes a time where you have to start taking money out.  That’s known as a Required Minimum Distribution (RMD). What is this?  It is a mandatory withdrawal from certain accounts. What accounts are impacted?  Your Traditional IRA, 401(k), 403(b), etc.…

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